Sifco Industries is shutting a plant in Alliance

The plant closure was approved by the Cleveland-based maker of forged and machined products' board of directors May 31, and employees were notified June 1, according to a filing with the U.S. Securities and Exchange Commission. The closure will affect about 38 jobs and take place over the next 150 days.

The decision was "primarily due" to the loss of what Sifco called a "key customer" in 2015, according to the release. That's led to the erosion of sales volume. The SEC filing stated that Sifco is still determining its exit costs for the closure.